Heartland Financial USA, Inc. to Post Q4 2017 Earnings of $0.79 Per Share, DA Davidson Forecasts (HTLF)
Heartland Financial USA, Inc. (NASDAQ:HTLF) – Stock analysts at DA Davidson upped their Q4 2017 earnings per share (EPS) estimates for Heartland Financial USA in a research note issued on Tuesday. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings per share of $0.79 for the quarter, up from their prior forecast of $0.72. DA Davidson also issued estimates for Heartland Financial USA’s FY2018 earnings at $3.40 EPS and FY2019 earnings at $3.40 EPS.
Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, October 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The company had revenue of $109.12 million for the quarter, compared to analyst estimates of $115.81 million. Heartland Financial USA had a net margin of 18.14% and a return on equity of 10.42%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS.
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Several other equities analysts also recently commented on the stock. FBR & Co set a $50.00 price objective on shares of Heartland Financial USA and gave the company a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a report on Tuesday, October 3rd. BidaskClub downgraded shares of Heartland Financial USA from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research downgraded shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $50.50.
Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of Heartland Financial USA by 10.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,753 shares of the bank’s stock valued at $487,000 after acquiring an additional 902 shares in the last quarter. Royce & Associates LP acquired a new stake in Heartland Financial USA during the second quarter worth about $1,130,000. Renaissance Technologies LLC grew its stake in Heartland Financial USA by 10.3% during the first quarter. Renaissance Technologies LLC now owns 167,700 shares of the bank’s stock worth $8,377,000 after buying an additional 15,700 shares in the last quarter. Geode Capital Management LLC grew its stake in Heartland Financial USA by 10.8% during the first quarter. Geode Capital Management LLC now owns 192,703 shares of the bank’s stock worth $9,625,000 after buying an additional 18,783 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Heartland Financial USA by 8.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 143,992 shares of the bank’s stock worth $6,783,000 after buying an additional 11,397 shares in the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.11 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.44 annualized dividend and a dividend yield of 0.89%. Heartland Financial USA’s dividend payout ratio (DPR) is presently 14.92%.
Heartland Financial USA Company Profile
Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.
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